Shanxi Installation (02520) won the bid for the Oman Al Kamil Phase 1 500MW PV Project EPC General Contracting Project

Zhitong Finance App News, Shanxi Installation (02520) announced that on July 14, 2026, the Group signed an EPC general contracting contract for an overseas project with a contract amount of about RMB 1.5 billion. This is the Group's first key project to be implemented in the Middle East.

The company won the bid for the Oman Al Kamil Phase 1 500MW photovoltaic project EPC general contracting project (Oman project). The project is located in the Al Kamil Wafi region of Oman, about 230 km from Muscat International Airport and about 440 km from Sohar Port. The scope of the project includes the design, manufacture, procurement, supply, factory testing, transportation, installation, construction, connection to high-voltage substations, testing and commissioning of photovoltaic power plants, as well as two and a half years of operation and maintenance work.

The Oman project is the Group's first major project in the Middle East region, marking the Group's successful entry into the Middle East, an important global new energy market. The Group won the bid for the project as the EPC general contractor, reflecting the full recognition of the Group's engineering strength by top international developers, and laid a solid foundation for the Group to further cultivate the Middle East market and participate in subsequent large-scale new energy projects in the region.

The developer of this project is EDF PS (EDF PS), a leading company in the global renewable energy sector. The Group has previously established a strategic partnership with EDF. The successful bid for this Oman project is a key result of the strategic cooperation between the two sides moving from a framework agreement to project implementation. Through deep collaboration with the world's top developers, the Group will further integrate into the international new energy industry chain and enhance its comprehensive capabilities in project management, technical standards, and international operation.

The Group is an engineering service provider in China, mainly engaged in professional industrial engineering, professional supporting engineering and other engineering businesses. The field of new energy is one of the Group's key business directions, and the business scale continues to expand. In terms of the international market, overseas business has covered many regions such as the Middle East, Southeast Asia, Central Asia, and Africa. The Group's bid for the project not only reflects the continuous improvement of market competitiveness in the field of new energy engineering, but will also further enrich the Group's experience in implementing large-scale overseas projects, which will help the Group expand its business footprint and enhance its profitability.